Investment

EUR/USD Weekly and Monthly Pivot Points for 21 - 25 of May, 2012 



The pivot points' chart for the EUR/USD pair for this week indicates that pivot points are set according to the weekly highs and lows of the pair as well as the close price. This chart will enable you to place Take Profits or Stop Losses. These pivot levels can serve as a trading map allowing you to know beforehand the prospect highs and lows of the pair.
Therefore it is recommended to open short positions at the R1 level and long positions at the S1 level. If the weekly pivot is considered as a target, it can be a good strategy for swing trading. The strategy can be used in other way by opening long positions in S2 positions and short R2 weekly with S1 or R1 seen as weekly targets or to the pivot point.

WEEKLY

Weekly - R3 = 1.3171
Weekly - R2 = 1.3038
Weekly - R1 = 1.2908
Weekly Pivot = 1.2775
Weekly - S1 = 1.2645
Weekly - S2 = 1.2512
Weekly - S3 = 1.2382

MONTHLY

Monthly - R3 = 1.3801
Monthly - R2 = 1.3590
Monthly - R1 = 1.3415
Monthly Pivot = 1.3204
Monthly - S1 = 1.3029
Monthly - S2 = 1.2818
Monthly - S3 = 1.2643


........................................................................................................................


EUR/USD Today's Targets and Technical analysis 2012-05-18 (Asia Time 6:14 am)





Overview:Euro is trying to recover despite ongoing crisis in Europe due to Greek and French elections. The resistance for EUR/USD is at 1.2757, if this level is achieved the next resistance will be at 1.2814. Next support level is 1.2650 and 1.2621. My advice is still not to sell, until recovery is achieved.
Recommendations: If you are in sell-positions, you can close them between the 1.2681 level and 1.2663; the same range is suitable for the short-term buying as well.
If you are in buy-positions, then the suitable level range will be from 1.2757 to 1.2778 the same range is suitable for the near-term selling as well.
Trends:Near Term: Downward
Short Term: Sideways
Medium Term: Sideways
Warning: Analysis and technical levels are provided only for the educational and informative purposes. Please check also the fundamental analysis before opening every single position. Keep yourself away from the market, if the market is volatile. Always try to open positions with good price level. Remember Forex is like fishing, not like hunting.
Money Management Warning: Never puto to risk more than 2 or 3% of your equity in a trade:
For example, 2% of 1,000 USD is 20$ and if your stop is 50 pips, then your lot size will be calculated as 20$/50 = 0.4 of insta lot which means it will be about 40 cents and similarly if your stop level is 100 pips than lot size will be calculated as follow 20$/100 = 0.2 Insta lots it will be about 20 cents.



EUR/USD Intraday Technical Levels for May 17, 2012 

TODAY's   TECHNICAL   LEVELS:

Breakout BUY Level : 1.2793.
Strong Resistance : 1.2786.
Original Resistance : 1.2774.
Inner Sell Area : 1.2762.
Target Inner Area : 1.2732.
Inner Buy Area : 1.2702.
Original Support : 1.2690.
Strong Support : 1.2678.
Breakout SELL Level : 1.2670.
Today EUR/USD has support and resistance at 1.2690 and 1.2774 and is accompanied by strong support at 1.2678 and by 1.2786 as strong resistance.
If EUR/USD breaks out and closes below a 1.2670-level today, then this will indicate considerable bearish strength, while if EUR/USD manages to break out and close above a 1.2793-level, then this will denote high bullish strength. Alternatively, you can trade in a way to open a BUY position at the level of 1.2702, and at 1.2762 – a SELL position, in this case both targets should be located at the level of 1.2732.





EUROPEAN FINANCIAL CRISIS

Countries across the continent are struggling to find ways to cope with the growing financial crisis. From the nationalization of domestic banks to multi-billion cash injections into the capital markets, Europe's politicians, regulators, and market players are trying different approaches to deal with the mounting problems. 

European Financial Crisis is part of Business Exchange, suggested by Mark Scott. This topic contains 10,489 news and 3,252 blog items. Read updated news, blogs, and resources about European Financial Crisis. Find user-submitted articles and reactions on European Financial Crisis from like-minded professionals.



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